Four organizations serving Arizona communities impacted by the transition away from coal-fired power plants will receive a total of $125,000 in economic development grants from the Utilities’ Grant Funding Program. The program, which is jointly funded by Arizona Public Service (APS), Salt River Project (SRP) and Tucson Electric Power (TEP), provides funding for … [More]
$400M CHIPS Investment Preliminary Agreement to Bring 2,000 Jobs to Arizona
Proposed CHIPS investment would enable end-to-end chip production to occur in the United States while creating 2,000 jobs in Arizona
The Biden-Harris Administration announced that the U.S. Department of Commerce and Amkor Technology, Inc. have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $400 million in proposed direct funding under the CHIPS and Science Act. President Biden signed the bipartisan CHIPS and Science Act, a key component of his Investing in America agenda, to … [More]
Beloved Valley Restaurant Announces New Ownership
Sheldon Knapp, founding partner of Phoenix City Grille has announced the restaurant’s new operating partnership. Dennis Shaw, an industry veteran with 40 years of experience, and Micah Wyzlic, longtime executive chef/managing partner of Phoenix City Grille now operate the neighborhood restaurant as partners. “I am completely confident that Phoenix City Grille and our … [More]
onsemi Selected to Power Volkswagen Group’s Next-Generation Electric Vehicles
onsemi announced it has signed a multi-year deal with Volkswagen Group to be the primary supplier of a complete power box solution as part of its next-generation traction inverter for its Scalable Systems Platform (SSP). The solution features silicon carbide-based technologies in an integrated module that can scale across all power levels – from high power to low power traction … [More]
Vibrant New Art Coming to Mill Avenue Underpass Next Year
Preliminary construction already underway
Traveling Mill Avenue between Broadway Road and Apache Boulevard is about to get a lot more vibrant with the addition of a new large-scale public art piece coming to the existing railroad underpass next spring. The art, titled “Sun Garden,” includes nature-inspired sculptural elements that will stretch upward from the existing terraced planters along the west side of the … [More]
B2Gnow Announces Acquisition of eComply Solutions, Enhancing Prevailing Wage Labor Compliance Capabilities
B2Gnow, a leading provider of supplier diversity, prevailing wage labor compliance, and grant management solutions, is pleased to announce the acquisition of eComply Solutions, a pioneering company specializing in prevailing wage labor compliance software supporting the Davis-Bacon and Little-Davis-Bacon Acts. This strategic acquisition marks a significant milestone in B2Gnow's … [More]
Homebuilder Breaks Ground on 663 Homesites in San Tan Valley
Tri Pointe Homes Arizona, a recognized leader serving the Phoenix market for over 30 years under the name Maracay®, has announced the groundbreaking of 663 new homesites at Soleo, a premier planned community in San Tan Valley. Tri Pointe Homes’ 252-acres are expected to feature eight model homes with a grand opening anticipated in 2025, furthering Tri Pointe’s strategy to build … [More]
EV Fleet Partner Expands Management Systems in Arizona for Car Rentals and Uber Drivers
Bluedot is continuing to support the electrification of business fleets for a greener world with EV Access, an electric car rental service aimed at visitors and Uber drivers in Phoenix, Arizona, to power its fleet. EV Access incorporates Bluedot's latest iteration of its advanced fleet management program as part of its ongoing partnership to streamline … [More]
Real Estate Investment Trust Completes $160 Million Sale of Eight Arizona Facilities to Dignity Health
Medical Properties Trust, Inc. announced the sale of the 50-bed Arizona General Hospital in Mesa and seven freestanding emergency department (“FSED”) facilities in the Phoenix metropolitan area to Dignity Health, a wholly-owned subsidiary of CommonSpirit Health, for $160 million. The sale price and current cash rents imply a capitalization rate of less than 7.5%. The Company … [More]
Italian Restaurant Chain Opens Third Valley Location, Touts Breadstick Sales Are Back in the West Valley
Kind Hospitality — the restaurant group specializing in presenting elevated dining experiences with a portfolio of 52 locations across well-recognized favorites such as Macayo’s Mexican, Food, Panera Bread, O.H.S.O. Brewery, Native Grill & Wings, Fazoli’s and more — announced its first West Valley Fazoli’s location and its third in the metro Phoenix area is now open. … [More]
Investment Real Estate Co. Expands to Arizona, Veteran Broker to Lead Phoenix-Based Team
Secure Net Lease, a nationally-recognized brokerage that specializes in the acquisition and disposition of investment real estate throughout the United States, is expanding its national footprint. Senior commercial real estate broker Steve Lowe and his Phoenix, Arizona-based team that specializes in multi-tenant retail and shopping center sales, have joined Secure Net … [More]
Phoenix Industrial Market Adds 10 Million New Square Feet in Q2, Says Report
Strong net absorption of 5.3 million square feet helps vacancy remain below 10 percent
The Greater Phoenix industrial market delivered 10.0 million square feet of new space during second quarter, marking the completion of a portion of the record construction started in 2023, according to a report released by Colliers. Strong net absorption totaling 5.3 million square feet assisted in minimizing vacancy rate escalation, resulting in a current vacancy of 9.0 … [More]
Developers Break Ground on $100M Mixed-Use Development in Gilbert
Okland Capital and San Tan Development Group announced they have broken ground on phase one of Northside at SanTan Village, a brand new mixed-use development that will bring high-end retail, restaurant and hotel amenities to the SanTan Village submarket in Gilbert, Arizona. Located on the east side of Santan Village Parkway between Williams Field and Ray roads, Northside phase … [More]
Phoenix Arts & Culture Announces Nine Artists Selected for its ¡Sombra! Public Art Project
Artists will create shade and cooling installations in public parks as part of City’s efforts to address extreme heat
The Phoenix Arts & Culture Department has announced the selection of nine artists for its “¡Sombra!" public art project. Funded by a $1 million Public Art Challenge grant from Bloomberg Philanthropies, the artists will create temporary shading and cooling installations in response to Phoenix's extreme urban heat. … [More]
Arizona’s Clean Elections Concludes Successful Primary Debate Series Surpassing Reach Expectations
Clean Elections, Arizona's non-partisan source for voter education is celebrating the halfway point of its historic debate program. This year's series premiered in partnership with the Arizona Media Association (AMA) at BitFire Studios with hundreds of media brands leveraging the debate content including major debates being simulcast and all others distributed … [More]
Westgate-Adjacent 296-Unit Multifamily Property Sells for $76.6M in Glendale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Glen 91, a 296-unit multifamily asset in Glendale, Arizona. The property sold for $76.5 million, or $258,446 per unit. “The West Valley’s municipalities, which include Glendale, have experienced outsized growth in the post-pandemic boom and are among the Valley’s most in-demand … [More]
Phoenix Leads the Nation in Active Industrial Construction, Says Report
Valley’s industrial sector delivers over 10 million square feet last quarter, with 37 million currently underway
After delivering over 10 million square feet of industrial product last quarter, Phoenix continues to be a hotspot for industrial development and currently ranks first in the U.S. for active projects with 37 million currently underway, as highlighted in LGE Design Build’s Q3 Construction Delivery Outlook report released today. “Custom-built industrial projects, student … [More]
SBA Announces New Grant Funding for Native American-Owned Small Businesses
Native American Trade Expansion Program to Provide Up to $240,000 in Grants
The U.S. Small Business Administration (SBA) announced a funding opportunity for Native American-owned small businesses under its new pilot Native American Trade Expansion Program (NATEP). The new program will provide up to $240,000 in grants to expand exporting opportunities to Native American-owned small businesses. The deadline for eligible small business concerns to submit … [More]
